Noteworthy Price Action: Could Ultra Clean Holdings Inc Change Direction After Touching 52-Week High?

Noteworthy Price Action: Could Ultra Clean Holdings Inc Change Direction After Touching 52 Week High?

The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) hit a new 52-week high and has $15.43 target or 80.00% above today’s $8.57 share price. The 9 months bullish chart indicates low risk for the $286.77 million company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $15.43 price target is reached, the company will be worth $229.42M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 622,078 shares traded hands or 159.60% up from the average. Ultra Clean Holdings Inc (NASDAQ:UCTT) has risen 59.77% since March 30, 2016 and is uptrending. It has outperformed by 56.76% the S&P500.

Ultra Clean Holdings Inc (NASDAQ:UCTT) Ratings Coverage

Out of 5 analysts covering Ultra Clean Holdings (NASDAQ:UCTT), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Ultra Clean Holdings has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, October 23 by Craig Hallum. The rating was upgraded by Northland Capital on Thursday, July 23 to “Outperform”. The firm has “Buy” rating given on Tuesday, October 25 by Dougherty & Company. On Tuesday, January 12 the stock rating was upgraded by Craig Hallum to “Buy”. The company was upgraded on Friday, July 24 by Craig Hallum. On Friday, July 8 the stock rating was downgraded by Stifel Nicolaus to “Hold”. On Thursday, October 27 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Dougherty & Company given on Thursday, July 23. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) has “Buy” rating given on Friday, July 29 by Needham. The stock has “Buy” rating given by Dougherty & Company on Friday, July 29.

According to Zacks Investment Research, “ULTRA CLEAN HOLDINGS, INC. is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean’s customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.21, from 1.39 in 2016Q1. The ratio fall, as 5 funds sold all Ultra Clean Holdings Inc shares owned while 29 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 21.63 million shares or 1.72% more from 21.26 million shares in 2016Q1.
Int Group Inc accumulated 18,477 shares or 0% of the stock. Art Advsrs Limited Liability reported 23,129 shares or 0.01% of all its holdings. Teachers Advsr holds 51,329 shares or 0% of its portfolio. California State Teachers Retirement System owns 67,305 shares or 0% of their US portfolio. Employees Retirement System Of Texas holds 0.02% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 295,000 shares. Pnc Financial Svcs Grp Inc has 0% invested in the company for 168 shares. Fuller And Thaler Asset Incorporated last reported 315,100 shares in the company. Thomson Horstmann Bryant has 870,267 shares for 0.64% of their US portfolio. Morgan Stanley has 0% invested in the company for 23,226 shares. Bridgeway Capital Management owns 277,577 shares or 0.02% of their US portfolio. Schwab Charles Inv Mngmt Incorporated accumulated 0% or 43,300 shares. Moreover, Renaissance Ltd Liability has 0% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 200,266 shares. Moreover, Citigroup Inc has 0% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 8,447 shares. Aqr Capital Lc holds 0% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 33,261 shares. D E Shaw & has 348,173 shares for 0% of their US portfolio.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 1 sale for $19,312 net activity. Brumm Sheri sold $19,312 worth of stock.

More recent Ultra Clean Holdings Inc (NASDAQ:UCTT) news were published by: Marketwatch.com which released: “Ultra Clean Holdings Inc.” on December 22, 2009. Also Prnewswire.com published the news titled: “Ultra Clean Holdings, Inc. Announces Acquisition of Marchi Thermal Systems, Inc.” on February 05, 2015. Zacks.com‘s news article titled: “Ultra Clean Holdings (UCTT) Catches Eye: Stock Jumps 6.4%” with publication date: October 31, 2016 was also an interesting one.

UCTT Company Profile

Ultra Clean Holdings, Inc., incorporated on October 28, 2002, is engaged in the design, engineering and manufacture of production tools, modules and subsystems. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. The Firm offers its products for the semiconductor capital equipment and equipment industry divisions. It also sells to the consumer, medical, energy, industrial, flat panel and research equipment industries. The Firm is focused on providing specialized engineering and manufacturing solutions for these applications.

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